Nyrik Huuskonen

This bill paved the way for a company called United Precious Metals Association to set up the states first gold bank. They offer publicly available accounts denominated in gold and silver dollars.

Every day people can transact business in gold and silver with the easy transfer of precious metals offered by this company.

As more and more people choose to do business backed by sound money (gold and silver) instead of rapidly depreciating federal reserve notes, it is only a matter of time before the sound money becomes more popular and the federal reserve notes or “funny money” disappears.

How can it possibly be that a market, the COMEX, is responsible for establishing the price of a commodity based on the trading of that commodity when absolutely none of the physical commodity ever changes hands?

If you think this can’t possibly be true then you’ll be wrong. For more than the last three years, The COMEX has not delivered a single Gold contract!!! All the contracts have been settled in cash!!!

The COMEX, in reality. it’s not a market of Gold and Silver it is a market of PAPER.

If someone wanted to buy $10 million worth of Gold, they would not be able to pay the spot price…. they would have to pay almost twice the spot price in order to get the physical metal….. Isn’t the real price of something what you pay for the actual item and NOT what you pay for a piece of PAPER representing the item????

What’s the take away from this? The Takeaway is that this PAPER market that exists and trades hundreds of paper ounces for every underlying physical ounce makes it very easy to artificially suppress the truth price of gold and silver. After all, when the price of the commodity should be based on the supply and demand of the ACTUAL commodity and not pieces of paper saying 300 people own the same ounce of the commodity, something is WRONG!

Don’t be fooled by the price. pay attention to the value. Gold and silver last forever unlike Fiat currency’s that eventually return to their intrinsic value…. Zero!

On January 14, 2013 the German Handelsblatt reported that Germany was going to repatriate it’s gold back to Germany. In all, Germany has 3,396 tons of it.

It has the most stored at the New York Federal Reserve (approximately 45%). According to the article they are only looking to repatriate a portion of it from the New York Fed but don’t specify how much. They are also looking to repatriate 11% of their gold from the Bank of France. This represents all of the gold that the Bank of France is holding now for Germany.

This is a huge move indicating that central banks no longer have faith in each other…. It will be interesting to see how much gold Germany actually gets back from the Fed and how quickly…. Stay tuned!

When investing in Silver, It is best to start out by investing in commonly recognized coins. By doing this, you don’t run the risk of having their authenticity questioned if and when you need to sell them as you may if you have generic rounds. Below are the 3 most commonly recognized 1 oz Silver coins:

The Silver Eagle was first released by the United States Mint on November 24, 1986. It is clearly marked as 1 oz FINE SILVER and has the words UNITED STATES OF AMERICA above an Eagle.

The Canadian Maple Leaf is Canada’s 1 oz silver coin and features Queen Elizabeth on one side and the Canadian Maple Leaf on the other side. It is often referred to as a “Maple”.

The Austrian Silver Philharmonic coin is, by far, Europe’s most popular 1 oz silver coin. One side features the great organ of the Golden Hall in Vienna’s concert hall, the Musikverein, along with the year, weight and face value. The other side features an array of instruments, including the cello, violin, harp, Vienna horn and bassoon.